President Biden signed a new whistleblower law that significantly increases the risk and cost of whistleblower claims for domestic and overseas financial services institutions that must be cognizant of anti-money laundering laws and regulations.
The FY 2023 National Defense Authorization Act loosens restrictions on hiring those with criminal records at FDIC-member banks and NCUA-insured credit unions.
A new rule will require employers with stock listed on a national security exchange to implement a policy that provides for the recovery of erroneous payments to current and former executive officers.
As companies focus on workforce inclusion, equity, and diversity (IE&D), they are under increasing pressure to assure that the membership of their boards reflects these values
Compliance or internal audit departments frequently carry out audits intended to assure that business partners in an organization have policies and procedures that are effective for maintaining corporate compliance and consistent with myriad laws.
Form U5 defamation cases are on the rise, with a reported 24% increase over the filing period from 2019 to 2020. Firms should take certain proactive steps to fully understand their duties, reduce risk, and avoid costly litigation.
On July 24, 2020, the FDIC published a Final Rule regarding Section 19 of the Federal Deposit Insurance Act, 12 U.S.C. § 1829 (“Section 19”), which restricts hiring at FDIC-insured depository institutions, such as FDIC member banks.
